A correction is just a matter of time, but until price confirms, I prefer long to short, with caution though.

SHORT-TERM: COULD SEE SOME WEAKNESS TOMORROW MORNING AT LEAST

As mentioned in today’s After Bell Quick Summary, looks like there always was a pullback of some kind after several Narrow Range bar consolidation, so we could see some weakness at least tomorrow morning. On the intermediate-term, I still believe a little bigger pullback is just a matter of time, but since it’s very difficult to time, so trading wise, although to be a bear is a dangerous job, but certainly neither do I think to heavily long now is a good idea .

4.1.0 S&P 500 Large Cap Index (Weekly), SPX is too far away from its MA(200) now (assume the rest of the week would be still up). From my experiences, if on the planet Earth, there’s a single indicator that is still useful, than perhaps it’s when the price is too far away from a Moving Average. So again, I don’t think to heavily long now is a good idea.

Please make sure you understand how to use the table above. The purpose of this report is to provide info so contradictory signals are always presented.

Conclusions can be confirmed endlessly, but trading wise, you have to take actions at certain risk level as soon as you feel the confirmation is enough. There’s no way for me to adapt to different risk levels therefore no trading signals will be given in this report except the mechanical signals such as SPY ST Model.